The correct answer is Group insurance.
Group insurance is a type of insurance that is purchased by an employer or other organization for its members. It is often less expensive than individual insurance because the risk is spread out over a larger group of people. Group insurance plans typically do not require a medical examination, which makes them a good option for people who have health problems or who are unable to qualify for individual insurance.
Endowment insurance is a type of life insurance that provides a death benefit and a cash value. The cash value can be used for retirement, education, or other purposes. Endowment insurance plans typically require a medical examination.
Pure endowment insurance is a type of life insurance that provides a death benefit only. There is no cash value in a pure endowment insurance plan. Pure endowment insurance plans typically do not require a medical examination.
Term assurance is a type of life insurance that provides a death benefit for a specified period of time, such as 10 or 20 years. Term assurance plans typically do not require a medical examination.
In conclusion, group insurance is the type of insurance plan in which medical examination is never required.